Stock Report

ICRA reaffirms long-term rating of JTEKT India Limited



Posted On : 2021-04-09 10:31:33( TIMEZONE : IST )

ICRA reaffirms long-term rating of JTEKT India Limited

ICRA has assigned Credit Rating for Rs. 314.76 crore Bank Facilities and Rs. 15.00 crore Commercial Paper Programme of JTEKT India Limited.

Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the long-term rating at [ICRA] AA (pronounced ICRA Double A) ("Rating"). The Rating Committee of ICRA, after due consideration has reaffirmed the short-term rating at [ICRA] A1+ (pronounced ICRA A one plus). The outlook on the long-term rating is Stable. Instruments with [ICRA] AA rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Shares of Jtekt India Ltd was last trading in BSE at Rs.85.65 as compared to the previous close of Rs. 86.1. The total number of shares traded during the day was 7682 in over 138 trades.

The stock hit an intraday high of Rs. 88 and intraday low of 85.05. The net turnover during the day was Rs. 666845.

Source : Equity Bulls

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